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SEC Fines GM $1 Million for Accounting Control Failures

General Motors Co. agreed to pay a $1 million penalty to settle charges from U.S. securities regulators that the Detroit auto giant failed to alert its accountants to a defective ignition switch in a timely manner.

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This entry was posted on Wednesday, January 18th, 2017 at 9:32 am and is filed under BUSINESS. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.